source Arabian Business
Damac Properties has announced the issuance of eight tenders for ongoing projects in Dubai, as it aims to deliver a total of 25 towers in the next two years.
Main works tenders have been issued for Capital Bay, Executive Bay, The Corner, Park Central, Burjside Boulevard, Amber Residence, Lake side and Al Jawhara.
Enabling tenders have also been put out for Commercial Square, Water's Edge and Harbour Heights project, the company said.
Related: Developers need to act to ease mortgage crisis - Damac chief
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Damac's general manager of operations, Ziad El Chaar, said: "The first half of the year we have made significant progress. We delivered over 2,300 units and we will continue to be aggressive on delivery.
"Continuing with the momentum of the year, in July we have issued eight new tenders. In the next two years our aim is to have delivered a total of 25 towers totalling to 7,100 units."
The announcement comes amid the worst downturn in Dubai's real estate and construction sectors with thousands of workers losing their jobs and large numbers of projects being delayed or cancelled.
Earlier this year, Damac announced the completion of Lake View and Executive Heights and The Crescent projects.
The company said it has already delivered more than 3,000 units into the market place and will continue with steady progress across all its projects this year.
Monday, August 24, 2009
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